“[Drelles] said: You know why I’m doing this, don’t you? For the same reason they send 18-year-olds into war – they’re too dumb to know not to charge. … I think there’s going to be a huge, liquidity-driven bull market sometime in the next decade. I have a lot of scars from the past 10 years, while you don’t… I think we’ll make a great team because you’ll be too stupid and inexperienced to know not to try to buy everything. That other guy out there is just as stale as I am.
Investors in 1999 were not wrong about the eventual dominance of technology in our daily lives and I don’t think cannabis investors are wrong about the eventual mammoth scale of the marijuana market. The correct price to pay for market participation in the trend is at issue, then and now. This is the Globe Investor newsletter, published three times each week. If someone has forwarded this e-mail newsletter to you or you’re reading this on the web, you can sign up for the newsletter and others on ourCIBC economist Tal on the ugly outlook for bonds and why dividend stocks are the place to be as ‘very difficult year’ looms
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